Healthcare Review: XOMA Corp, Dendreon Corporation, Orthofix International, Support.com, OraSure Technologies |
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By Staff and Wire Reports |
Thursday, 09 May 2013 13:06 |
XOMA Corp. (NASDAQ:XOMA) shares gained 18.96% to $3.72. The company, on May 8, reported its operational highlights and financial results for the quarter ended March 31, 2013. The company reported total revenues of $9.5 million in the first quarter of 2013, compared with $9.9 million in the corresponding period of 2012. The company posted a net loss of $24.9 million (or $0.30 per share), compared with a net loss of $30.4 million, or $0.69 per share, for the quarter ended March 31, 2012. Dendreon Corporation (NASDAQ:DNDN) shares decreased 15.19% to $4.03. The company on May 9 reported results for the first quarter ended March 31, 2013. Net product revenue for the quarter was $67.6 million compared to $82.0 million for the quarter ended March 31, 2012, down 17.6% year over year. Net loss in the first quarter of 2013 was $72.0 million, or $0.48 per share, compared to a net loss of $103.9 million, or $0.70 per share for the same period in 2012. Orthofix International NV (NASDAQ:OFIX) stock dropped 16.11% to $26.85. OFIX’s stock was downgraded by equities researchers at Mizuho from a "buy" rating to a "neutral" rating in a report issued on May 9. They currently have a $28.00 target price on the stock, down from their previous target price of $45.00. Additionally, the company issued its quarterly earnings data on May 8. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.43. The company had revenue of $100.30 million for the quarter, compared to the consensus estimate of $111.22 million. Support.com, Inc. (NASDAQ:SPRT) shares fell 2.17% to $4.06 in the early hour. The company on May 1 announced its earnings results. The company reported $0.06 earnings per share for the quarter, beating the analysts' consensus estimate of $0.05 by $0.01. The company posted revenue of $20.20 million for the quarter, compared to the consensus estimate of $19.86 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company's revenue for the quarter was up 14.8% on a year-over-year basis. Additionally, the company will participate in the panel session, Extending the Customer Relationship through Tech Support, at CONNECTIONS(TM): The Premier Connected Home Conference at CTIA 2013(TM) on Wednesday, May 22 at 11:15am PT (2:15pm ET). Presenting for Support.com is James Morehead, Vice President, Product Management and Corporate Marketing. OraSure Technologies, Inc. (NASDAQ:OSUR) shares gained 0.63% to $4.81 in the morning hour. The company on May 8 announced its consolidated financial results for the first quarter of 2013. Consolidated net revenues were $21.2 million for the first quarter of 2013, a 1% increase from the comparable quarter of 2012. Consolidated net loss for the first quarter of 2013 was $10.2 million, or $0.18 per share, which compares to a net loss of $3.3 million, or $0.07 per share, for the first quarter of 2012.
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